Number of Americans on Food Stamps Hit Another Record High

It doesn't look like President Obama will be able to shed his reputation as the food stamp president any time soon. According to new data from the USDA, the number of people on food stamps has hit another all time high of 47,710,324 which is up by 600,000 from August. To be fair, this number is a bit distorted due to disaster relief from Hurricane Sandy.

A report from the Senate Budget Committee showed last week that the government is spending the cash equivalent of $168 a day per household receiving welfare and living under the poverty line.